The Global Organic Fertilizer Market Analysis| Coherent Market Insights

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2. ORGANIC FERTILIZERS MARKET ANALYSIS Organic Fertilizer Market,BySource (Plant Origin, Animal Origin), By Application (Cereals and Crops, Fruit and Vegetables, Lawns and Turfs), By Form (Solid, Liquid), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. The global organic fertilizer market is projected to reach around US$ 12.5 billion by the end of 2027, in terms of revenue, growing at CAGR of 7.2% during the forecast period (2019-2027). Drivers: • Growth in the sale of organic food especially in the U.S. and Europe due to rising awareness regarding the health benefits of consuming organic food is expected to propel the market growth of organic fertilizer. According to the Organic Denmark, organic sales in Denmark have experienced the highest growth from 2017 to 2018. The organic food sale increased with 14 %. 11.5 percent of the Danes' grocery shopping is organic and this is the largest share compared to any other country in the world.

4. Rising concern over the environment as synthetic fertilizers have a negative impact on the environment such as impacting soil fertility and environmental degradation is driving the demand for organic fertilizers. Organic fertilizers improve soil fertility, conserves water by avoiding the flow of harmful pesticides into water bodies that leads to the growth of algae (eutrophication). This factor is propelling the market growth of organic fertilizers.

5. Regional Analysis On basis of the region, Europe region dominated the global organic fertilizer market in 2018, accounting for 37.9% share in terms of volume, followed by Asia Pacific and North America respectively.

6. Figure 1.Global Organic Fertilizer Market, Revenue Share (%), By Region, 2018

7. Market Restraints • The high price of organic fertilizers is another major factor expected to hinder the market growth of organic fertilizers. Few organic fertilizers also take a longer time to green up the lawn and also show some deficiency in plants during the initial months after the first application of fertilizers. Moreover, the level of nutrients in organic fertilizer is often unknown. • Organic fertilizers are very slow to break down into nutrients and some fertilizers smells very baldy and too offensive to use on indoor gardens which are restricting the adoption of organic fertilizers. Moreover, if organic fertilizers applied incorrectly it may also lead to surface and groundwater contamination, therefore organic fertilizers are needed to use incorrect manner. The aforementioned factors are hampering the market growth.

8. Market Opportunities • Rising adoption of organic farming among farmers subjected to the rising need for a sustainable environment is projected to provide numerous growth opportunities to the market of organic fertilizers. According to the Organic without Boundaries, in 2017, organic land area increased on all continents and a total of 69.8 million hectares of land were organically farmed. Therefore, the rising adoption of organic farming around the globe is expected to propel the market growth of organic fertilizers • Increasing government supporting through targeted subsidies, and growing investment in the research and development programs for developing novel organic fertilizers is projected to provide numerous growth opportunities. Moreover, the government is also providing capital investment to the producers in order to set up animal/plant waste-based organic fertilizers plant. This is projected to accelerate the market growth of organic fertilizers. 

9. Figure 3. Global Organic Fertilizer Market, Revenue Share (%),By Application, in 2018

10. Market Trends • The rising trend of introducing new and advanced organic fertilizers by manufacturers is projected to augment market growth over the forecast period. For instance, in November 2019, The Totagars’ Cooperative Sale Society (TSS) Ltd at Sirsi in Uttara Kannada district has launched a new organic fertilizer product in the market. This fertilizer is suitable for arecanut, pepper and banana plantations. Hence, increasing penetration of such advanced organic fertilizers will propel the market growth. • Increasing investment by manufacturers to enhance the production capacity of organic fertilizers is projected to fuel the market growth of organic fertilizers. For instance, in September 2019, Chinese company Hameinivin Investment announced plans to invest $10 million in a large-scale organic fertilizer plant in TboungKhmum province. Hence, rising investment by manufacturers is projected to propel the market growth of organic fertilizers.

11. Figure 4.Global Organic Fertilizer Market – Value Chain Analysis

12. Competitive Section Key players operating in global organic fertilizer market are Italpollina spa, ILSA S.p.A, Biostar Renewables, Plantin, Sustane Natural Fertilizer Inc., True Organic Products Inc., California Organic Fertilizers Inc., The Fertrell Company, Purely Organics LLC, PupukKaltim, and Qingdao Sonef Chemical Co., Ltd

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